2022 became a real challenge for the cryptocurrency industry, with leading assets falling and massive projects and empires being destroyed. We all recall the collapse of Terra, the bankruptcy of Sam Bankman Fried’s companies, and the subsequent market chaos.
However, despite the prolonged crypto winter, a lot of experts and users are still bullish on bitcoin and think that the underlying technology behind cryptocurrencies will flourish and become integral to the economic systems of the future.
The sentiment in the industry seems to be coalescing into widespread distrust in major centralized platforms and a belief that current conditions are a storm that can be weathered. The question is, though, how to best make it through the market’s current slump.
SponsoredWith faith in centralized institutions at an all-time low, one sector that has enjoyed something of a revitalization is DeFi. Users that have been disappointed in the failure of CEXes to live up to their promises have joined purists and skeptics that have always been against the conjugation of traditional finance with the technology that was originally launched in response to the former’s failings.
Those who have taken the plunge into DeFi have found a burgeoning industry full of opportunities and risks. What’s more, careful navigators have found that the right DeFi projects represent the best places to not only wait out the market’s current troubled waters but to earn and make the most out of the situation.
FlatQube offers a potential path forward
One of the DeFi ecosystems experiencing an influx of users recently has been that of the Everscale network. Everscale has established itself over the past couple of years as one of Asia’s premier blockchains, primarily by virtue of its ability to scale to any load required of it, and the impressive DeFi platforms that have been built around it.
One of those platforms is FlatQube, a DEX powered by the Broxus development team, which has been responsible for the creation and deployment of a majority of the Everscale ecosystem’s offerings. In addition to swapping assets, users can take advantage of the numerous farming and staking opportunities on the platform with some of the highest APR rates in the industry.
